Question: Five Excel spreadsheets are provided on Connect for assistance in solving the chapter problems. 1. The Always Fresh Grocery Store carries a particular brand of

Five Excel spreadsheets are provided on Connect

Five Excel spreadsheets are provided on Connect for assistance in solving the chapter problems. 1. The Always Fresh Grocery Store carries a particular brand of tea that has the following characteristics: Sales = 8 cases per week Ordering cost = $10 per order Carrying charge = 20 percent per year Item cost = $80 per case a. How many cases should be ordered at a time? b. How often will tea be ordered? c. What is the annual cost of ordering and carrying tea? d. What factors might cause the firm to order a larger or smaller amount than the EO

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